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Cosatu calls on government to recapitalise the Post Office and Postbank [SOUND]

# Cosatu says government must recapitalise the South African Post Office and Postbank to give them a fair chance and the necessary liquidity to compete in their sectors. The union federation says it is strongly against the proposed closure of 235 Post Office branches and the pending retrenchments of six-thousand workers. Cosatu’s Matthew Parks says management has not only presided over decaying infrastructure, but continuously sought to destroy any possibility of the Post Office’s revival:

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